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Landsea Homes Closes Acquisition of DFW-Based Antares Homes

Posted by Viktoria Dolinaj on April 3, 2024
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Dallas, TX (April 2, 2024) Landsea Homes Corporation, a publicly traded residential homebuilder, announced today that it has completed its previously announced acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, for approximately $242.5 million (subject to certain customary post-closing adjustments) in cash, which includes repayment of an anticipated $43.2 million of Antares Homes debt.

Antares Homes is currently building new homes in 19 communities located in 13 locations throughout the Dallas-Fort Worth area, including Fort Worth, Burleson, Crowley, Forney, Granbury, Midlothian and more. Known for specializing in quality, energy-efficient home construction and creating life-long relationships with their homebuyers, Antares Homes has continually strived to become one of the best homebuilders in Dallas-Fort Worth. With the closing of this transaction, most of Antares Homes’ employees are anticipated to become part of the Landsea Homes team.

The Dallas-Fort Worth housing market continually ranks among the Top 100 Housing Markets in the country, according to Realtor.com. The region’s robust job market and continued expansion demonstrate the attractiveness and resilience of the DFW economy, and continue to attract diverse industries and opportunities

Vestra Advisors LLC served as exclusive financial advisor to Landsea Homes, and Latham and Watkins LLP served as their legal counsel.

For more information about Landsea Homes, visit landseahomes.com.

Landsea Homes Corporation

Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation’s most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation.

An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to “Live in Your Element.” Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.

Driven by a pioneering commitment to sustainability, Landsea Homes’ High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees, and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

For more information on Landsea Homes, visit: landseahomes.com.

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